Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.

TSX:WCP - Post by User

Whitecap Resources Inc > This stock is obviously under attack

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Comment by Anschutzon Jan 17, 2024 9:46am

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Post# 35830964

RE:This stock is obviously under attack

Keep the dividend and balanced approach. Repay debt, cancel shares AND pay a dividend.

The reason for this drop is directly related to the manipulation of the markets being pushed by the current US admin, investment firms and countries that are benefitting from Biden in office. There is simply no way Biden or democrats are going to win the election next fall if gas at the pumps is high and the economy tanking. Low energy prices now will cause the economy to rip in 6 months, making it appear the democrats are serving Americans well.

As for the dividend, if you think WCP share price is low now, just wait to see what happens if they were to come out with an announcement they are cancelling the dividend. Regardless of reason, it would be interpretted as fear by the market.

Grant and team know what they're doing. Their balanced approach is working. I suspect the people barking to cut the dividend are those that bought during the peak last year (hoping for a quick capital gain), and likely missed or didn't understand the impact of 2024 being an election year.

w8asec wrote: There's no reason for this magnitude of drop.... Something is up, and it's serious...

WCP has lost $1.3 B in Market Cap ,,, 20% of its value in the past 2 months, and 30% $2.2billion in the last 3 months...

Management will need to stratagies a way to fight back, and hopefully sooner than later before this become chronic and the norm... Shorts/manipulators are like a dog on a bone... they WON'T let go.

They must be FORCED to move on to another target.

I suggest management not trust their (so called) analyst friends that call for information... stay quiet and buy back every cheap share... and I know for a fact that if management announced a suspension in the dividend to buy back shares instead... they would run for cover and we'd trade like ATH instead.

Dividends sound good but... that money leaves the company for good (like interest on a loan ) and often lowers the share price by more per year that the divvy amount paid.

Buy backs are the answer now.